The owner of the account, at which November 2015 stored 1.08 billion tokens of the Ripple network, eliminated another 10 million XRP for a total of about $5 million These data were provided by a forum user under the nickname XRPChat corak, which monitors the dynamics of this account since the beginning of 2018, according to Trustnodes.
Bearwhale is active again… from r/Ripple
In total from March to April, the owner of this account has sold 100 million XRP, another 30 million was eliminated at the lows in April.
“XRP is moved to several million at a time from accounts on the stock exchanges Bitstamp and Bitfinex”, — said corak.
Some users believe that the account holder may be the founder of Ripple, jed McCaleb who left the company in 2013. However, by agreement with the company, he has the right to liquidate their assets only gradually, while the owner of the specified account for the first quarter of 2018 sold about half a billion XRP totaling $250 million.
Whatever it was, it was selling an additional 10 million XRP, most likely, was the reason for the depreciation of the XRP in the last days by 4% with a moderate increase of bitcoin and many other cryptocurrencies.
We will remind, according to the report Ripple, XRP July sales fell by 54% compared to the first quarter of this year, but the company’s customer base continued to grow.